World total wealth is estimated at $1,540 trillion dollars, population is roughly 8 billion, that puts every individual (with a net worth of) $192,500.
The total world GDP is $81 trillion, that puts an individual’s annual income to be $10,125.
“It should be noted that this would be insufficient to provide all the services for a single person, a.k.a if it was equally distributed the services you have wouldn’t have funding and thus wouldn’t work. Things like roads, bridges, public infrastructure, military, communication infrastructure, etc wouldn’t exist.
https://www.reddit.com/r/estimation/comments/vcwebe/how_much_money_would_everyone_have_if_all_the/
“10k per year is a large sum in a lot of countries. But If everyone is making the same regardless of type of work or amount of work, there will be less incentive for work. People will avoid Jobs that are hard and that required special, difficult skill. Productivity will decline with the GDP that fund the current 10k/year. Human nature is competitive and most people will feel unsatisfied with their neighbor that does not work but has the same benefits. That is why communist ideology did not work. No only that if market continues to be free there will be a huge inflation. Everyday products like clothes and food are low because cost of labor is not expensive. So the cost of products and service will be higher. That is why in communist countries there was the need for government intervention of the market to decided and create artificial prices and a strong governments that could dictate what people can and can not do. That did not work
Most “Poor” Americans still live in the top 10% of the world. 50% of the world lives on less than $7 per day. Should we take half of your wealth and income, and give it to the other half? Are you willing to give up your wealth? If so why haven’t you done it already? If not, you don’t believe in distribution of wealth.
Do you still think we should redistribute the wealth equally?